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USD_ DXM24
Weekly – Remains in the new December downtrend. Trade pressures are into the neutral zone. Volumes are now bullish.
Daily – Long. In the move up from 103.48 on 3/19 and now testing the prior high of 104.51. Trade pressures are up. Volumes remain bullish.
The next target up is 105.01. The expected overbought levels are 104.96.
A close below 103.73 would signal lower. 103.05 is the oversold level.
US30YR T-BOND_ USM24
Weekly – In the new December 2023 uptrend at support. Trade pressures are back in the neutral zone. Volumes remain neutral.
Daily – Flat. Back in the long trade on 3/21 at 119-03. Trade pressures are up. Volumes remain neutral.
The next target up is 122-21. Overbought levels are 121-27.
A close below 119-18 would signal lower. Use this as the SL. Oversold levels remain 115-14.